FreeCast (Direct Listing) (NASDAQ:CAST) Posts Earnings Results

FreeCast (Direct Listing) (NASDAQ:CAST) announced its quarterly earnings results on Thursday. The company reported ($0.11) EPS for the quarter, FiscalAI reports. The company had revenue of $0.09 million for the quarter.

FreeCast (Direct Listing) Price Performance

NASDAQ CAST traded down $0.42 during trading on Friday, hitting $1.44. The stock had a trading volume of 166,889 shares, compared to its average volume of 668,063. FreeCast has a one year low of $1.36 and a one year high of $33.00. The firm’s 50 day moving average price is $3.17.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Maxim Group assumed coverage on shares of FreeCast (Direct Listing) in a report on Friday, April 24th. They issued a “buy” rating and a $6.00 price target for the company. Wall Street Zen downgraded shares of FreeCast (Direct Listing) from a “hold” rating to a “sell” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, FreeCast (Direct Listing) currently has a consensus rating of “Buy” and a consensus price target of $6.00.

About FreeCast (Direct Listing)

FreeCast, Inc is a digital media and streaming-technology company that operates a platform for aggregated video content and content discovery. The company focuses on enabling consumers to find and access free, ad-supported and subscription video across connected TVs, mobile devices and the web through a unified interface. FreeCast’s offering is positioned to address fragmentation in the streaming ecosystem by simplifying discovery and centralizing access to disparate streaming sources.

Its core activities center on content aggregation, distribution and monetization tools for both end users and business partners.